Telecom Italia (OTCMKTS:TIIAY) Sets New 52-Week High – Still a Buy?

Telecom Italia S.P.A. (OTCMKTS:TIIAY)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $7.82 and last traded at $7.82, with a volume of 4678 shares trading hands. The stock had previously closed at $7.6550.

Analyst Ratings Changes

Several research firms have recently weighed in on TIIAY. Barclays restated an “overweight” rating on shares of Telecom Italia in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Telecom Italia Stock Up 2.2%

The company’s 50-day moving average price is $6.66 and its two-hundred day moving average price is $5.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84.

Telecom Italia Company Profile

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.